Newsletter Sent On: 12/26/2018

Watch the deBanked Events Year-in-Review Video Watch

deBanked's Most Popular Stories of 2018
Two ISO profiles made the year's top 10, but the 1st Global Capital saga and the Bloomberg news counter-series dominated everything else Read more

2019 Alternative Finance Predictions
With 2019 approaching, deBanked asked executives in the funding and payments industry if they had any predictions for the new year. We kept it pretty open-ended and received forecasts regarding technology, regulations, and the evolving relationship between fintech companies and banks. And yes, we also asked a few lawyers in the small business lending space for their two cents. Read more

Less Than Perfect — New State Regulations
From deBanked's most recent magazine issue: You could call California’s new disclosure law the "Son-in-Law Act." It’s not what you’d hoped for—but it’ll have to do. Read more

For Sale: 60,000+ Leads From 1st Global Capital
1st Global Capital's bankruptcy lawyers are selling off all their funded and unfunded applications Read more

Open Banking — A U.S. Pipe Dream or Near-Term Reality?
From deBanked's most recent magazine issue: The stakes are particularly high for alternative lenders since they rely so heavily on data to make informed underwriting decisions. Open banking has the potential to open up scores of customer data and significantly improve the underwriting process, according to industry participants. Read more

Janene Machado Wins PCMA’s RISE Award
deBanked's Event Planner, Janene Machado, wins award Read more

1st Global Capital Sues Capital Stack and Others Over Momentum Auto Group
The notorious $40 million merchant cash advance deal has a new twist, even more cash advances. On Friday, the now-bankrupt 1st Global Capital filed a lawsuit against Momentum Auto Group, related entities, and 4 merchant cash advance companies including Capital Stack. Read more

OnDeck To Enter Equipment Financing Market
OnDeck announced that it will begin offering equipment finance loans to select U.S. small businesses next year, bringing its heralded technology and digital lending expertise to what has traditionally been a slow-moving, opaque, and complicated process. Read more

Lending Express Key Promotions
Lending Express, the technology company dedicated to increasing access to funding for small businesses, announced the promotions of Ofer Ariel and Daniel Katz to Chief Product Officer and Chief Operating Officer, respectively. Read more

Momentum Auto Troubles May Shift to Florida Courtroom
Via a local newspaper in Solano County, CA: With the current tally of local lawsuits now at 12 involving the owner of the Momentum auto group and its eight different defunct dealerships, the legal tangle is likely to soon shift to a south Florida federal bankruptcy courtroom. Read more

LendingTree to Acquire ValuePenguin
The acquisition, which is expected to close in the first quarter of 2019, has a total consideration of $105 million. LendingTree said it intends to fund the acquisition through cash on hand and by drawing on its existing credit agreement. Read more

Get Certified in MCA Basics
Make sure you know how MCAs really work before you sell them Read more

Marlette is Adding More than 200 Jobs in Delaware
Marlette Funding, LLC uses the consumer-lending platform Best Egg, which offers a breakthrough frictionless online personal loan platform where qualified applicants can instantly view loan offers with no impact to their credit score and receive funds in as little as one business day. Read more

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